Sunday, November 15, 2015

Marc Andreessen Sold 73 Percent of his Facebook Stock | Re/code

Perhaps getting an early start on the holiday shopping season

"Facebook board member Marc Andreessen is padding his wallet ahead of the holiday shopping season.

Andreessen, an early Facebook investor and board member since 2008, has sold over 1.5 million shares of Facebook stock in the past two weeks at a value of roughly $160 million, according to Securities and Exchange Commission filings. Since Oct. 30, Andreessen has offloaded more than 73 percent of his total ownership in the company, and 90 percent of his class A shares (the shares that don’t carry any voting rights)."
Marc Andreessen Sold 73 Percent of his Facebook Stock | Re/code
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